Multiple sources have confirmed to the BizTimes that Klement's Sausage Company has several parties interested, and a sale could be announced very soon.

The company is being marketed for sale by a Minneapolis investment bank, according to the BizTimes sources.

"There really is no way of knowing what ultimately will become of the company. One thing I expect to continue is the Klement's brand name will continue. It will just no longer be a family owned company," BizTimes editor Steve Jagler said.

"My primary interest, and the city's primary interest, is making sure that jobs remain here, and that whoever purchases the company, if it is indeed sold, that they retain the same incredibly good commitment to this community that Klement's has for decades," Milwaukee Mayor Tom Barrett said.

John, George and Ron Klement purchased the Badger Sausage Company on Milwaukee's south side in 1956. The name of the company was changed to Klement's Sausage Company in 1960.

Meet The Racing Sausages

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You've seen them race around Miller Park. Now celebrating their 21st year of racing, it's time to meet the Klement's Racing Sausages:

NEW AT TEN. FROM YOUR BARBEQUE TO THE BALL PARK -- KLEMENTS SAUSAGES HAVE BEEN A FIXTURE IN MILWAUKEE FOR DECADES. TONIGHT, WE'RE LEARNING THEY COMPANY COULD SOON BE SOLD. 12 NEWS HILLARY MINTZ EXPLAINS WHAT HAPPENS THE FAMILY COMPANY CHANGES HANDS. AS THIS GRILL HEATS UP BURGERS AND BRATS BEFORE A HIGH SCHOOL GAME AT MILLER PARK ....LOIS CLARK SAYS SHE WAS SHOCKED TO HEAR HER FAVORITE BRAT MAKER, KLEMENTS IS FOR SALE. LOIS CLARK I WOULD QUESTION IS THEY'RE GOING TO USE THE SAME FORMULAS IN THEIR SAUSAGES AND THEIR OTHER PRODUCTS OR IF THEY'RE GOING TO BE CHANGING IT SHE ALSO WONDERS IF THEY'D STAY IN TOWN, SOMETHING MAYOR TOM BARRETT WORRIES ABOUT TOO. MAYOR BARRETT MY PRIMARY INTEREST AND THE CITY'S PRIMARY INTEREST IS MAKING SURE THAT JOBS REMAIN HERE19 AND THAT WHOEVER PURCHASES THE COMPANY IF IT IS INDEED SOLD, THAT THEY RETAIN THE SAME INCREDIBLY GOOD COMMITMENT TO THIS COMMUNITY THAT KLEMENTS HAS FOR DECADES STAND UP, CLIP 0196 STAND UP HILLARY AND IF YOU'VE BEEN TO A GAME HERE AT MILLER PARK, YOU'VE SEEN THE KLEMENT'S FAMOUS RACING SAUSAGES, KLEMENTS IS JUST A SPONSOR, THE BREWERS SAY THEY OWN THE RIGHTS TO THE SAUSAGES AND THEY'RE HERE TO STAY OUR PARTNERS AT BIZ TIMES SAY THEIR SOURCES CONFIRM A MINNEAPOLIS COMPANY IS SHOPPING AROUND FOR BUYERS...SO FAR A PRIVATE EQUITY FIRM IN CALIFORNIA AND A GROUP OF LOCAL INVESTORS ARE ON THE LIST. STEVE JAGLER THERE REALLY IS NO WAY OF KNOWING WHAT ULTIMATELY WILL BECOME OF THE COMPANY49... ONE THING I EXPECT TO CONTINUE IS THE KLEMENTS BRAND NAME WILL CONTINUE, IT WILL JUST NO LONGER BE A FAMILY OWNED COMPANY A FAMILY THAT'S HELPED CREATE A SAUSAGE STAPLE IN MILWAUKEE AND NATIONWIDE. IN MILWAUKEE, HILLARY MINTZ WISN 12 NEWS. A KLEMENT'S SPOKESPERSON TELLS 12 NEWS IN AN EMAIL, THEY HAVE NO